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IR · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Ingersoll Rand Inc. Common Stock (IR) stock moving?
Ingersoll Rand reported a strong Q3 2026 on Oct 29, with adjusted EPS of $1.07 against a $0.90 consensus, reported orders up 21% (18% organic), and reported revenue up 6% (4% organic). Adjusted EBITDA margin was 28.3%, but results were helped by IEEPA tariff refunds; excluding them, adjusted EBITDA rose only 1% and adjusted EPS was $1.01, up 17%. Management raised FY2026 adjusted EPS guidance to $3.58-$3.70 and sales guidance to $8.072B-$8.187B, both above consensus. The stock rose 6% on Oct 29 on 8.45M shares, from a close of 75.45 on Oct 28 to 80.01. It has since climbed further, reaching a 30-day high of 87.72 on Nov 9 and closing at 85.86 on Nov 10, about 14% above the Oct 28 close. Trading volume has eased from the post-earnings peak to roughly 3-4.6M shares a day, which suggests the move is losing momentum. Analyst targets were raised across the board in early November: Stifel and Evercore at $95, Goldman at $91, and BNP at $84, while Baird trimmed its target to $107. The current price sits close to the lower targets, and Evercore's In-Line rating signals limited conviction. Other items include the IVEK acquisition (about $40M in annual sales, terms undisclosed), an internal leadership reshuffle with Mike Weatherred's retirement, and a CEO contract extension. Overall, the fundamental news is constructive, but much of the earnings upside appears priced in.
News behind the analysis
- Ingersoll Rand Reports Q3 2026 Financial ResultsQ3 adjusted EPS of $1.07 beat the $0.90 FactSet consensus, with organic orders up 18% and reported revenue of $2,065M up 6%. Adjusted EPS excluding IEEPA tariff refunds was $1.01.
- Ingersoll Rand Raises FY2026 Adj EPS Guidance from $3.57 to $3.58-$3.70 vs $3.55 Est; Raises FY2026 Sales Guidance from $7.995B-$8.148B to $8.072B-$8.187B vs $8.120B EstFull-year 2026 adjusted EPS guidance was raised to $3.58-$3.70, above the $3.55 estimate. Sales guidance was raised to $8.072B-$8.187B, and adjusted EBITDA guidance is $2.13B-$2.19B.
- Ingersoll Rand Inc. Appoints New Segment Leaders and Extends CEO AgreementScott Watson and Shaun Carlson were named segment group presidents, and Mike Weatherred will retire to an advisory role through May 2028. The board also approved a new employment agreement with Chairman and CEO Vicente Reynal.
- Ingersoll Rand Acquires Liquids Measurement Provider IVEK Corporation With ~$40M In Annual Sales; Terms Not DisclosedIngersoll Rand acquired IVEK Corporation, a precision liquid metering and dispensing maker with about $40M in annual sales, to expand its life sciences portfolio. Terms were not disclosed.
- Stifel Reiterates Buy on Ingersoll Rand, Raises Price Target to $95Stifel kept its Buy rating and raised its price target from $93 to $95. The stock closed at 85.86 on Nov 10, about 11% below that target.
- Goldman Sachs Adjusts Ingersoll Rand Price TargetGoldman Sachs raised its price target to $91 from $87. That target sits about 6% above the Nov 10 close.
- Baird Maintains Outperform on Ingersoll Rand, Lowers Price Target to $107Baird kept its Outperform rating but cut its price target from $109 to $107. The target remains the highest among the notes in this set.
- BNP Paribas Adjusts Price Target on Ingersoll RandBNP Paribas raised its price target from $83 to $84. That level is below the current share price.
- Evercore ISI Group Maintains In-Line on Ingersoll Rand, Raises Price Target to $95Evercore ISI kept its In-Line rating and raised its price target to $95 as of Nov 10. The rating is neutral, so the call is not a buy recommendation.
About Ingersoll Rand Inc. Common Stock
Ingersoll Rand is a North Carolina-based maker of compressors, vacuum pumps, blowers, fluid-handling pumps and related equipment used in factories, energy, data centers, medical and life-science settings; it took its current form in 2020 when Gardner Denver merged with the industrial business of the old Ingersoll-Rand plc. It stands out for buying many small companies each year (over 200 targets in its pipeline) and for a large, steady aftermarket business of parts and service, about 36% of revenue.
How it makes money
It sells equipment and aftermarket parts and services through two segments. Industrial Technologies and Services (compressors, vacuum, blowers, power tools) brings in roughly three-quarters or more of revenue, about $1.6B of the roughly $2.1B in Q3 2026. Precision and Science Technologies (specialty pumps and fluid-handling equipment for medical, life-science and industrial uses) brings in the rest. Total annual revenue is about $8B.
What usually moves IR
- Industrial production and factory capital spending
- Order growth and book-to-bill, including large long-cycle and data-center projects
- Pace and pricing of bolt-on acquisitions
- Aftermarket service and parts demand
- Tariffs, inflation and China pricing pressure